The Motorola and UPS-backed drone manufacturer has shut down just two months after switching focus to a data-based business model.
Month: April 2019
Rewire connects to banks in $12m round
BNP Paribas’ Opera Tech Ventures and Standard Bank have backed a series A round for remittance banking services provider Rewire, which plans to spend the cash on expansion and recruitment.
Dai-ichi dares to back EEI Fund
Dai-ichi Life has supplied $9m for the fund, which is targeting technologies such as renewable energy, electric vehicles and energy storage.
Leite leaves CPFL for Votorantim
CPFL Energia’s strategy and innovation specialist Danilo Leite has been hired by peer Votorantim Energia as an innovation manager.
Desai departs New York-Presbyterian
Parth Desai has stood down as an investment manager at NewYork-Presbyterian Ventures to offer his healthcare business acumen to venture capital firm Flare Capital Partners.
Corporates join Tribe Accelerator
BMW Group Asia, Intel and Nielsen have formed partnerships with Tribe Accelerator, which is focusing on distributed ledger startups.
Analysis: SoftBank invests in $300m CloudMinds round
The SoftBank´s Vision Fund participated in a $300m round of robotics tech provider CloudMinds. This is a deal in the wider robotics and drones space, which has seen much growth in recent years
NetMeds nets KiviHealth in acquisition deal
Claris Lifesciences has exited the online clinic management platform in a cash-and-share acquisition by NetMeds.
News round up 1 April 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
WeWork launches food accelerator
The co-working space operator plans to invest $1m in about 10 food startups through its Food Labs accelerator.